Archives for June 2017

June 30, 2017

The European Commission (EC) has published a proposal for a pan-European pension insurance product. The goal is to give more choice for Europeans when saving for their retirement. The idea is for the new product to have the same standard features, wherever it is available. It could be sold by a wide range of suppliers

June 29, 2017

The European Commission (EC) started debating for the future of the European Union (EU) budget due to Brexit. Today, the institution publishes a reflection paper on the future of EU finances as a follow-up to the debate launched with the White Paper on the Future of Europe. “In order for Europe to face the new

The Council of the European Union (EU) extended the economic sanctions against certain sectors of the Russian economy by another six months until January 31, 2018. The final decision was taken by written procedure with unanimity. The measures were initially introduced on July 31, 2014 for one year in response to Russia’s actions in Ukraine,

June 28, 2017

Confusing UK election results and weakening of the housing market have led to a sharp loss of confidence among consumers, leaving the country dependent on exports to avoid recession. The UK consumer confidence index measured by YouGov has dropped to 106.9 points in June and the levels are slightly higher than those reported after the

The International Monetary Fund (IMF) has lowered its forecast for the US economic growth for 2017 and 2018, and has criticized the economic downturn after the Great Recession. The IMF lowered its forecast for the growth of the US economy to 2.1% in 2017 and 2018. The fund no longer expects President Donald Trump’s tax

June 27, 2017

Trade constraints in the world, which also affect European exporters, are rising by 10% in 2016, according to a new European Commission (EC) report. Towards the end of last year there will be total of 372 trade barriers in 50 different trading destinations in the world. According to the report, 36 new restrictions have been

The German business sector is the main driver of the country’s economy solid growth. The strong expansion during the winter in the federal republic is expected to continue in the second quarter, according to the predictions of the central bank in its monthly report. “The upward trend is mainly driven by vital industrial activity”, wrote

June 26, 2017

San Francisco Federal Reserve Chairman, John Williams, supported a gradual rise in interest rates, saying that he expects inflation to increase to 2% target next year, while unemployment continues to fall. “The gradual rise in interest rates to bring monetary policy back to normal helps us maintain growth in the economy that can be sustainable

Business climate in Germany improves more than expected in June 2017, conquering a new records. The Ifo report shows that momentum of the German economy remains strong at the end of the first half of the year. The Business Attitude Index grew from 114.6 points in May to 115.1 points in June, beating the expectations

UK manufacturing orders reach their highest level in the last 30 years, according to monthly data from the Confederation of the British Industry (CPI). The statistics may encourage the British Central Bank to change interest rates, as the economy is performing better than expected after the Brexit and avoided the previously forecasted collapse. The study